Why is XRP price down today?

XRP price is down across almost every timeframe, and data suggests that a rebound is unlikely in the short-term.

XRP (XRP) fell on April 7 as the wider crypto market sold off, and the US-led tariff war dragged on into a third day. Nearly $60 million worth of XRP futures positions were liquidated over the last 24 hours and analysts said that the lack of enthusiasm among derivatives traders was weighing down XRP price.

XRP/USD daily chart. Source: Cointelegraph/TradingView

This broader crypto market correction stemmed from the risk-off sentiment recently adopted by traders.

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